LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Royal Caribbean Cruises Ltd. (“Royal Caribbean” or “the Company”) (NYSE: RCL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Royal Caribbean told investors that the impact of COVID-19 would be minor. The Company falsely stated that global bookings outside of China were strong and not slowing. In fact, the Company was suffering from significant drops in bookings due to customer concerns about COVID-19. While the Company touted rigorous safety protocols, its ships were actually following wholly inadequate procedures to prevent the spread of the virus. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Royal Caribbean, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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